world news - 02.04.2003
BELGIUM: Mitiska Net Fund Europe invested 22.6 Million EUR in 2000
Mitiska Net Fund Europe invested 22.6 Million EUR in 2000, of which 3.9 million
in EUR in the 4th quarter.
— 40.6% of the available capital of 71.5 million EUR has
already been invested —
— 23 finalised investments and today 21 companies in portfolio
—
Ternat, 12 January 2001 — Mitiska Net Fund Europe, the European
venture capital fund investing in non-listed Internet companies, concluded 23
investments since its creation, for a total investment amount of 29 million EUR.
About 40.6% of the available capital of 71.5 million EUR has already been
invested. During the 4th quarter of 2000, 3 new participations have been
completed and 1 sold. The fund also made several follow-up investments in
existing participations. In total, Mitiska Net Fund Europe has 21 companies in
portfolio.
The three new investments of the 4th quarter are:
. Europeaninsurance.com (B) is the most important independent
on-line supplier of information, instruments and services in the insurance
sector. Clients can look for information on insurance products, optimise and
manage their portfolio and sign-up for insurance products that best match their
requirements.
Europeaninsurance.com offers its services via:
— www.assurweb.be — www.assurrisk.com — Assurfinity: supplier of on-line services to B to B brokers
for the processing of insurance requests of private clients, signed up as part
of an affinity contract with bigger companies.
. ViewOnTV (F) is one of the leaders in France in the diffusion
of audio-visual contents on the Internet. It offers tailor-made solutions of
streaming media, with both a high or low capacity. Streaming media is a
diffusion technique, which allows a continual flow of images and sounds on the
Internet, without the requirement of downloading. ViewOnTV offers its clients a
total outsourcing solution, integrating all technical aspects such as reception,
encoding, graphical interface, hosting, diffusion and statistics. ViewOnTV has
launched a new product: advertisement video banners (www.viewontv.com . eStructure (DK) offers dedicated hosting services and high
quality Internet application management services. This type of services is
oriented towards websites demanding a high flexibility and for which an
interruption of services can cause substantial losses. eStructure guarantees its
clients optimal functioning of their content management and e-commerce
applications, by providing an infrastructure and service environment of the
highest quality, stability and flexibility. Visitors to websites operated by
eStructure benefit from a minimum response time to their requests, independent
of the number of simultaneous connections. (www.estructure.net Besides these three new investments, Mitiska Net Fund Europe
sold its participation in the on-line entertainment store Streets Online (UK).
Mitiska Net Fund Europe continues to invest selectively in
projects of a high quality, and hereby closely follows its investment strategy,
without being influenced by the frequently changing market tendencies. During
the last quarter of 2000, the investments amounts have been more dedicated to
existing portfolio companies than to new investments. This tendency will be
maintained in 2001, as more attention will be given to follow-up investments.
The number of investment requests remained very high during the
4th quarter, with a peak of 80 business plans received in one month. The most
important criteria for the selection of portfolio companies are the strong
management team, the growth potential and the sustainable competitive advantage
of the Internet application, which allows a company to become or remain a market
leader. Investment amounts average between 500,000 EUR and 3 million EUR per
transaction.
Overview of Mitiska Net Fund Europe's portfolio:
Since its creation, Mitiska Net Fund Europe took participating
interests in 12 Belgian, 6 French (of which 1 has been sold), 1 Dutch, 1
Luxembourg, 1 Danish and 2 British (of which 1 sold) Internet companies. The
fund invested 29 million EUR of its total available capital of EUR 71.5 million.
The companies in portfolio are equally spread over all the stages of
development, from seed capital to pre-IPO.
Software & services
Citycom (F) Local web agency
Reef (B) Global Internet software company
IP Globalnet (B) Specialist in e-Business communication
eStructure (DK) Hosting and Internet applications management
ViewOnTV (F) Streaming media (television on the Internet)
Transwide (B) European logistics e-Business network
B to C
Proxis (B) On-line retailing of books, CD's, video's and DVD's
Net4Music (F) Portal for musicians
WH Selfinvest (L) On-line broker
European Insurance (B)On-line insurances
X (B) Confidential
B to B
Bricsnet (BSNT) (B) e-Market place for the global building
industry
Language Networks (NL) e-Market place for translations
Tusker Direct (UK) On-line vehicle leasing company
Fordaq (B) Global platform for the wood industry
Media
Eurimed (F) Vertical portal for specialised medical doctors
Casius (B) Portal active in the real estate and home
improvement sectors
Zappybaby (B) Community for young parents
Internet groups
AdValvas (B) Internet service provider and multimedia group
Viventures (F) Venture capital fund active in the Internet
sector
Venturebay (B) Internet business generator
Mitiska Net Fund Europe is a 71.5 million EUR venture capital
fund that invests in non-listed European companies active in the Internet
sector. The fund has been founded by Mitiska, a listed participation company
active in the specialty retail in Europe. Mitiska holds a participation of
11,18% in the fund, while the other participations are taken by both private and
institutional investors.
Mitiska Net Fund Europe focuses its investments on companies
active in the Internet sector, in all stages of its development. Investment
amounts average between 500,000 EUR and 3 million EUR per transaction.
Mitiska Net Fund Europe aims to be the preferred partner for
European Internet entrepreneurs looking for a combination of operational
experience, an international network and financial backing.
Copyright Prline Belux.
See also:
- — Teak prices tending down
- — International Paper announced plans to sell approximately 1.5 million acres of southern U.S. ...
- — China's Sawnwood Imports Climb
- — FINLAND — ALMOST 100% OF FINNISH FORESTS ARE CERTIFIED
- — Wood-based panels industry hoping for further improvements
